why did east India company incur financial burden during welleslys regime
Answers
Hi my dear friend,
The East India Company struggled financially for much longer than the end. The Company won the Battle of Buxar (1764) and was awarded the overlordship of Bengal, immediately finding itself in need of trained administrators. The Company was struggling with debt during the last century or so of its existence; the very reason for the annexation of Bengal itself was an attempt to balance the Company books. This may have exacerbated the Bengal famine (1769–70), which claimed the lives of 7–10 million people. The situation spiralled out of control and the Crown was forced to enact direct rule in 1858.
~Thank you
East India company was very brilliant and it spoiled the Indian wealth by such an disgusting treachery.
There were many Policy, Britishers have followed to spoil the Indian, in which Subsidiary alliance by Lord Wellesley was one of them.
Doctrine of Lapse was also one of the policy by which City of Jhansi was seized.
Correct Reason ⇒ We know, In the year 1764, Britishers have fought the Battle of Buxur, thus there were very financial unstability, so to avoid them and make them fulfill they started a policy by the name of subsidiary alliance which was issued by the Lord Wellesley in 1798.
By the Subsidiary alliance, Hyderabad, Gwalior, (near Jhansi) , Jaipur, Jodhpur, etc was seized.
Hope it helps.